President Trump on Fed Cut Rate CSPAN March 3, 2020 12:44pm-12:48pm EST
going to listen to their contacts. have you got reports sorted from the ground from your business contacts, nonprofits and so forth that have affected your decision-making? what are you hearing from all those folks? thank you. >> so we are hearing -- i will just say the effects are at a very early stage, but you are hearing concerns from people, for example, in the travel business or the hotel business and things like that. that's what you are hearing. you don't see think showing up in actual data. udc than showing up in sort of sentiment forecast indicators and things like that. we expect that will continue. it will probably grow. and that's one of the reasons why we have come to the view that would be appropriate for us today to move to support the economy, , and that's what we he done. >> thank you. >> thanks very much.
[inaudible conversations] >> today presidents -- president trump spoke to officials from across the country about the government responds to the coronavirus. here are some of his remarks from the national association of counties meeting this morning in washington, d.c. >> federal reserve cut rates today finally, finally, finally. finally. do it more. doing a little bit more. we want to be competitive with these of the country. other countries of lower rates because their fed, there currencies are cut to a level that the rate is cut your they play with their currency. they play with a value of their currencies. we don't do that. we don't do that. we have different kind of a theory going, and it really puts us at -- i'm not saying necessary to do it, but we have to be competitive with other countries. when we are paying two points
more than germany or we are paying more than other countries we should be paying less than everybody else. we have the dollar. we have strength. with the greatest country on earth. we should be paying less. so the fed rate is too high. it's very simple. it's too high. it puts us at a competitive disadvantage, especially when it comes to export our product to other countries. the other countries love that. i don't like it at all. [applause] >> side like to see our fed lead instead of being led. >> and the senate in recess for weekly party lunches. vice president pence says he will attend to talk about the government response to the coronavirus. the senate will be back at 2:15 p.m. eastern time to work on a bill giving with u.s. energy and of our mental policy live here on c-span2. to date is super tuesday. there are feisty told a
congressional primaries today. alabama, arkansas, california, north carolina and texas. >> watch our live campaign 2020 super tuesday coverage of the presidential primaries and caucuses from 14 states, including alabama, arkansas, california, colorado, maine, massachusetts, minnesota, north carolina, oklahoma, tennessee, texas, utah, vermont and virginia candidate speeches and results. coverage begins today live at 7 p.m. eastern on c-span, as c-span.org or listen from wherever you are with the free c-span radio app. >> house democrats held a news conference earlier on the government responds to the coronavirus outbreak. take a look at the remarks followed by house republicans.